An authority may, in connection with the borrowing of funds, or otherwise, enter into any agreement with the federal government or any agency or subdivision thereof providing for supervision and control of the authority of any project, and containing such covenants, terms and conditions as the authority may deem advisable.

39 Del. Laws, c. 16, § ?14; Code 1935, § ?5466; 31 Del. C. 1953, § ?4308;